QUESTION 4- (ACCRUAL BASIS ACCOUNTING) Lillium Merchandising Company's balance sheets for Dec. 31, 2018 and Dec. 31, 2019 have the following account balances. ACCOUNT'S NAME DEC 31, 2018 ($) DEC 31, 2019 (5) CASH 25,000 17,400 ACCOUNTS RECEIVABLE 135,800 138,000 MERCHANDISE INVENTORIES 62,000 76,000 OFFICE EQUIPMENT (NET) 104,000 116,000 PREPAID INSURANCE 2,400 1,200 ACCOUNTS PAYABLE 20,000 44,000 BANK LOAN 60,000 SALARIES PAYABLE 1,800 1,000 All merchandise inventory purchases and sales are on credit. The summary of transactions related to cash accounts for the year 2019 is as follows: 25,000 Balance of Cash Account as of Jan.1, 2019 ($) CASH RECEIVED ($) COLLECTION FROM CUSTOMERS COLLECTION AS A BANK LOAN INCREASE ON CAPITAL 178,000 60,000 24,000 262,000 CASH PAYMENTS ($) PAYMENTS TO SUPPLIERS PAYMENTS FOR SALARIES PAYMENT FOR INTEREST PURCHASED OFFICE EQUIPMENT Balance of Cash Account as of Dec.31, 2019 ($) 122,000 127,000 600 20,000 269,600 17,400 Required: a) What is the amount of sales revenue for 2019? Show your computations. b) What is the amount of total purchases for 2019? Show your computations. c) What is the amount of the cost of goods sold for 2019? Show your computations, d) What is the amount of salaries expense for 2019? Show your computations